▲ 819 ▼ Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X (www.cnbc.com) submitted 2 years ago by L4s@lemmy.world [M, B] to c/technology@lemmy.world 170 comments fedilink hide all child comments Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X::Thierry Breton, the European commissioner for the internal market, warns Elon Musk about disinformation on X related to the Israel-Hamas conflict.
[+] Xtallll@lemmy.blahaj.zone -19 points 2 years ago (1 child) 6% of zero is zero. permalink fedilink source parent hideshow 2 child comments replies: [–] nyctre@lemmy.world 45 points 2 years ago* (1 child) Am I missing something? I said revenue not profit. Or is the joke that Twitter isn't making any money anymore? permalink fedilink source parent hideshow 2 child comments replies: [–] King4408@lemmy.world 0 points 2 years ago (1 child) I think it hardly ever was profitable and even revenue should be quite dropping since it became X permalink fedilink source parent hideshow 2 child comments replies: [–] VikingHippie@lemmy.wtf 9 points 2 years ago (1 child) 6% of their revenue is probably still billions of dollars. Might even amount to the biggest fine ever. permalink fedilink source parent hideshow 2 child comments replies: [–] fmstrat@lemmy.nowsci.com 6 points 2 years ago (1 child) $2bn in 2022 for non-US. https://www.businessofapps.com/data/twitter-statistics/ Assume 80% of that is Europe, and a 25% drop in revenue since X, is $1.2bn, then 6% is $72m. This would likely be a daily fine of about $197K per day USD, minus shifty billionaire revenue reporting. permalink fedilink source parent hideshow 2 child comments replies: [–] VikingHippie@lemmy.wtf 6 points 2 years ago (1 child) Wow, that's MUCH less revenue than you'd expect from a worldwide behemoth like the shithole formerly known as Twitter! permalink fedilink source parent hideshow 2 child comments replies: [–] vidarh@lemmy.world 4 points 2 years ago And there you have the reason they sued to force Musk to stick to his word of buying it rather than let him off the hook and look for someone else dumb enough to pay that much for it. permalink fedilink source parent
[–] nyctre@lemmy.world 45 points 2 years ago* (1 child) Am I missing something? I said revenue not profit. Or is the joke that Twitter isn't making any money anymore? permalink fedilink source parent hideshow 2 child comments replies: [–] King4408@lemmy.world 0 points 2 years ago (1 child) I think it hardly ever was profitable and even revenue should be quite dropping since it became X permalink fedilink source parent hideshow 2 child comments replies: [–] VikingHippie@lemmy.wtf 9 points 2 years ago (1 child) 6% of their revenue is probably still billions of dollars. Might even amount to the biggest fine ever. permalink fedilink source parent hideshow 2 child comments replies: [–] fmstrat@lemmy.nowsci.com 6 points 2 years ago (1 child) $2bn in 2022 for non-US. https://www.businessofapps.com/data/twitter-statistics/ Assume 80% of that is Europe, and a 25% drop in revenue since X, is $1.2bn, then 6% is $72m. This would likely be a daily fine of about $197K per day USD, minus shifty billionaire revenue reporting. permalink fedilink source parent hideshow 2 child comments replies: [–] VikingHippie@lemmy.wtf 6 points 2 years ago (1 child) Wow, that's MUCH less revenue than you'd expect from a worldwide behemoth like the shithole formerly known as Twitter! permalink fedilink source parent hideshow 2 child comments replies: [–] vidarh@lemmy.world 4 points 2 years ago And there you have the reason they sued to force Musk to stick to his word of buying it rather than let him off the hook and look for someone else dumb enough to pay that much for it. permalink fedilink source parent
[–] King4408@lemmy.world 0 points 2 years ago (1 child) I think it hardly ever was profitable and even revenue should be quite dropping since it became X permalink fedilink source parent hideshow 2 child comments replies: [–] VikingHippie@lemmy.wtf 9 points 2 years ago (1 child) 6% of their revenue is probably still billions of dollars. Might even amount to the biggest fine ever. permalink fedilink source parent hideshow 2 child comments replies: [–] fmstrat@lemmy.nowsci.com 6 points 2 years ago (1 child) $2bn in 2022 for non-US. https://www.businessofapps.com/data/twitter-statistics/ Assume 80% of that is Europe, and a 25% drop in revenue since X, is $1.2bn, then 6% is $72m. This would likely be a daily fine of about $197K per day USD, minus shifty billionaire revenue reporting. permalink fedilink source parent hideshow 2 child comments replies: [–] VikingHippie@lemmy.wtf 6 points 2 years ago (1 child) Wow, that's MUCH less revenue than you'd expect from a worldwide behemoth like the shithole formerly known as Twitter! permalink fedilink source parent hideshow 2 child comments replies: [–] vidarh@lemmy.world 4 points 2 years ago And there you have the reason they sued to force Musk to stick to his word of buying it rather than let him off the hook and look for someone else dumb enough to pay that much for it. permalink fedilink source parent
[–] VikingHippie@lemmy.wtf 9 points 2 years ago (1 child) 6% of their revenue is probably still billions of dollars. Might even amount to the biggest fine ever. permalink fedilink source parent hideshow 2 child comments replies: [–] fmstrat@lemmy.nowsci.com 6 points 2 years ago (1 child) $2bn in 2022 for non-US. https://www.businessofapps.com/data/twitter-statistics/ Assume 80% of that is Europe, and a 25% drop in revenue since X, is $1.2bn, then 6% is $72m. This would likely be a daily fine of about $197K per day USD, minus shifty billionaire revenue reporting. permalink fedilink source parent hideshow 2 child comments replies: [–] VikingHippie@lemmy.wtf 6 points 2 years ago (1 child) Wow, that's MUCH less revenue than you'd expect from a worldwide behemoth like the shithole formerly known as Twitter! permalink fedilink source parent hideshow 2 child comments replies: [–] vidarh@lemmy.world 4 points 2 years ago And there you have the reason they sued to force Musk to stick to his word of buying it rather than let him off the hook and look for someone else dumb enough to pay that much for it. permalink fedilink source parent
[–] fmstrat@lemmy.nowsci.com 6 points 2 years ago (1 child) $2bn in 2022 for non-US. https://www.businessofapps.com/data/twitter-statistics/ Assume 80% of that is Europe, and a 25% drop in revenue since X, is $1.2bn, then 6% is $72m. This would likely be a daily fine of about $197K per day USD, minus shifty billionaire revenue reporting. permalink fedilink source parent hideshow 2 child comments replies: [–] VikingHippie@lemmy.wtf 6 points 2 years ago (1 child) Wow, that's MUCH less revenue than you'd expect from a worldwide behemoth like the shithole formerly known as Twitter! permalink fedilink source parent hideshow 2 child comments replies: [–] vidarh@lemmy.world 4 points 2 years ago And there you have the reason they sued to force Musk to stick to his word of buying it rather than let him off the hook and look for someone else dumb enough to pay that much for it. permalink fedilink source parent
[–] VikingHippie@lemmy.wtf 6 points 2 years ago (1 child) Wow, that's MUCH less revenue than you'd expect from a worldwide behemoth like the shithole formerly known as Twitter! permalink fedilink source parent hideshow 2 child comments replies: [–] vidarh@lemmy.world 4 points 2 years ago And there you have the reason they sued to force Musk to stick to his word of buying it rather than let him off the hook and look for someone else dumb enough to pay that much for it. permalink fedilink source parent
[–] vidarh@lemmy.world 4 points 2 years ago And there you have the reason they sued to force Musk to stick to his word of buying it rather than let him off the hook and look for someone else dumb enough to pay that much for it. permalink fedilink source parent